If Easing a Firm's Credit Policy Lengthens the Collection Period

question 105

Multiple Choice

If easing a firm's credit policy lengthens the collection period and results in a worsening of the aging schedule then why do firms take such actions?

• A) It normally stimulates sales.
• B) To meet competitive pressures.
• C) To increase the firm's deferral period for payables.
• D) All of the above.
• E) Both a and b above.

Interpret the role of gender and cultural differences in sensation seeking and locus of control.

Analyze the effects of optimism and pessimism on health according to Seligman's perspective.

Identify the characteristics and dimensions of sensation seeking.

Differentiate between psychologically healthy and unhealthy forms of optimism and pessimism.

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Definitions:

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including aspects like hours, safety, and physical demands.

Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, and the production for profit and accumulation of wealth.

Create Corporations

The act of establishing a company or business entity recognized by law as a single entity.

Economic Infrastructure

The underlying economic systems and structures that support economic activity, such as transportation networks, telecommunications, utilities, and financial institutions.